Micron Doubled YTD! Earnings Beat Already Priced in?
Micron (MU) reported better-than-expected Q2 earnings and revenue on Tuesday, along with a strong outlook for the current quarter.
EPS: $3.03 adjusted vs. $2.86 expected
Revenue: $11.32B vs. $11.22B expected
Despite the beat, shares traded flat, suggesting the results may have been priced in after a sharp rally. Micron shares have nearly doubled in 2025, emerging as one of the biggest AI boom beneficiaries.
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1. Is the beat already priced in?
2. Given 100% gains YTD, can Micron go up higher? Or bull market stalled?
3. What's your PT for Micron this year?